Global Laminating Adhesives Market: Overview
Laminating adhesives keep intact the substrates together after the lamination process. Several notable benefits provided by laminating adhesives include increased or decreased gas permeability, flame resistance, electrical insulation, heat resistance, thermoforming capability, chemical resistance, and optical clarity. Laminating adhesives are used in a wide range of end-use applications such as pharmaceutical, food pouches, frozen food cartons, medical, agricultural containers, industrial, papers & graphics, instant photograph, and mold label.
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Global Laminating Adhesives Market: Growth factors
Laminating adhesives for flexible packaging are one of the promising adhesive solutions extensively utilized in food packaging sector. The laminating adhesives are anticipated to witness high demand in the coming years, mainly owing to factors such as lower wastage, lesser treatment time, lesser emission, and higher bond strength. Also, rising demand for package foods in healthcare and personal care goods have augmented market growth. On the other hand, the government programs and increasing consumer awareness towards the practice of ecological adhesives have restricted the growth of the laminating adhesives, further hampering the growth of the global laminating adhesives market.
Global Laminating Adhesives Market: Segmentation
The global laminating adhesives market is segmented on the basis of end use, product type, and region. Based on the product type, the global market is bifurcated as solvent based, solvent less, water based, and heat/cold seal. Based on the end user, the global laminating adhesives market is segmented into medical packaging, food packaging, industrial packaging, and other end use. Though food wrapping in the end use segment remains the dominant segment, laminating adhesives are expected to experience high demand in the medical packaging industry during the coming years.
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Global Laminating Adhesives Market: Regional Analysis
By region, the global laminating adhesives market is segmented as Europe, Latin America, North America, Asia-Pacific, and the Middle East and Africa. The market in Asia-Pacific is projected to register a fixed Y-o-Y growth in the near future. In Asia Pacific, China and India are expected to see maximum Y-o-Y growth in the coming years. Europe and Asia Pacific are anticipated to dominate the global market and witness considerable growth in the lamination adhesives market. This growth is mainly due to the developing and emerging mature markets in these regions. Rising end-use industry growth is anticipated to boost the laminating adhesives demand in the Asia Pacific region. Growing number of niche market players in various market segments along with rising domestically production capacity in economies such as India, China, and Japan is anticipated to propel the laminating adhesives market growth in the Asia-Pacific region in the near future. Emerging countries of Southeast Asia including Indonesia, Malaysia, and Thailand organize chemical industry specific events all around the world. This is expected to have a positive impact on the growth of the laminating adhesives market in Asia Pacific.
Global Laminating Adhesives Market: Competitive Players
Major players in the global laminating adhesives market are Flint Group, H.B. Fuller, The Dow Chemical Company, Ashland Inc., Morchem, DIC Corporation, Henkel AG & Co. KGaA, 3M, Arkema Group, Coim Group, and Chemline India Ltd.
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Global Laminating Adhesives Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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